Both revolving and installment credits have certain advantages and disadvantages.
What is an advantage of installment credit over revolving credit?
Choose 1 answer:
Choose 1 answer:
(Choice A) The payment amount is set and predictable.
A
The payment amount is set and predictable.
(Choice B) It can't be accessed again once paid off.
B
It can't be accessed again once paid off.
(Choice C) It can charge high interest and fees if not paid in full or on time.
C
It can charge high interest and fees if not paid in full or on time.